June 20, 2011 Housing Market News Updates

Court cases in New York, Utah, and around the country are challenging the right of intermediaries to foreclose on electronically registered mortgages, sometimes with forged documents. Verdicts could alter the lanscape of the housing market. Full Story…

Newport Beach, California tops Coldwell Banker list as most expensive housing market, with an average home price of $2.5 million. Full Story…

The federal government may remain a major player in the mortgage market for a long time, despite its plan to scale back its support, as it has done in the automobile and financial services industries. Full Story…